8032 3rd Ave SBirminghamAL35206
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Birmingham at 8032 3rd Ave S, Birmingham, AL, 35206 uses $44,753 cash to close to unlock $3,225/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,031/mo, and a $661/mo payment keeps the spread at $269/mo. Purchase price stands at $135,000, and rental yield measures 9.16% with $1,031/mo rent. Return on cash invested shows 27.12% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash records $63,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,031/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35206, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,370 (100%) |
| Owner Occupied HU | 3,160 (42.9%) |
| Renter Occupied HU | 2,907 (39.4%) |
| Vacant Housing Units | 1,303 (17.7%) |
| Median Home Value | $127,469 |
| Average Home Value | $252,864 |
Housing Distribution
Address Breakdown
Residential
6,878
Single Family
6,420
Multi-Family
458
Businesses
427
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Listed by: Karina Barone • RealtySouth-Inverness Office
Mls Name: GALMLS
Mls ID: #21434831